Solana-Based Aurory Suffers Devastating Exploit: 80% Of Liquidity Gone
19 Dezember 2023 - 1:30AM
NEWSBTC
Aurory (AURY), a blockchain-based tactical Japanese role-playing
game built on Solana (SOL), recently experienced a significant
liquidity loss in its Camelot’s AURY-USDC pool. The incident
occurred due to a hack on the SyncSpace bridge, which resulted in
the unauthorized withdrawal and subsequent market sale of
approximately 600,000 AURY tokens on the Arbitrum (ARB)
network. Aurory SyncSpace Bridge Hacked In an official
statement released on December 17, Aurory’s team disclosed the
details of the incident. The team detected unusual activity on
their marketplace and promptly initiated an investigation, which
revealed that a malicious actor had exploited the marketplace’s buy
endpoint. Related Reading: Solana Threatens To Unseat
Ethereum In Trade Volume With $1 Billion In Single Day This exploit
allowed the attacker to inflate their AURY balance in SyncSpace,
enabling them to withdraw around 600,000 tokens to the Arbitrum
network. The attacker then liquidated the stolen amount by selling
it in the market. To protect user funds, SyncSpace was promptly
disabled for maintenance, temporarily suspending deposits and
withdrawals. Importantly, the statement assured that no user funds
or non-fungible tokens (NFTs) were lost or at risk during the
incident. The AURY tokens originated from a team wallet,
facilitating withdrawals for accounts not previously deposited
AURY. Exploit Mitigated The Aurory statement emphasized that the
exploit is no longer ongoing, as SyncSpace remains offline for
maintenance. As a result, there is currently no risk of further
exploits. Additionally, it was confirmed that the attacker has
exhausted their AURY supply and no longer possesses any tokens to
sell. Moreover, SyncSpace will investigate further to determine how
the exploit went undetected despite the previous expert
audit. The team also plans to release a comprehensive
post-mortem report once the necessary fixes have been implemented
and the investigation concludes. They expect SyncSpace to be back
online in the coming days. Related Reading: VanEck CEO Predicts
When The Bitcoin Price Will Reach $69,000 Again Since October 30,
the price of Aurory’s token, AURY, has experienced a significant
upward trend, culminating in a yearly high of $1.9008 on December
12. However, following the recent exploit, the price of AURY has
retraced to $1.0868, marking a decline of 23.5% over the past 24
hours and 36.5% over the past seven days. Despite this
setback, AURY still boasts substantial gains of 74% and 70% over
the 30-day and one-year periods, respectively. The market now
awaits to see whether the token’s support lines at $0.9681 and
$0.9086 will be able to halt the potential continuation of the
price drop or if they will succumb to the prevailing downtrend,
putting a significant portion of its 2023 gains at risk. Featured
image from Shutterstock, chart from TradingView.com
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